Sterling Hosp dispute: NCLT junks plea over 'illegal' sale of land

Complainant, who holds majority of shares in hospital, alleged that assets were sold without her knowledge

- Pranali Lotlikar

The National Company Law Tribunal (NCLT) recently rejected an application filed by Ajita Kasbekar, wife of the late Dr Vithal Kasbekar, alleging illegal transactions involving the sale of Sterling Hospital's land without her consent. Ajita, the majority shareholder in Sterling Hospital Ltd, claimed that key assets were allegedly sold without her knowledge and that there were no records of funds received from the sale. She sought a stay on construction at the hospital site, a full accounting of the sale's proceeds, and a forensic audit of the company.